UZDZAR long setup

179
USDZAR- on the daily timeframe price is ranging between the 14.5000-15.5000 level ,currently we see price forming a wedge pattern at the 14.500 support that has been held now for the past 4 months since December last year the wedge pattern is an indication of a reversal so i do expect to see a rally to the upside , target 1 is 14.75000 and target 2 is 15.25000

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.